Author: Multibagger News

Zurich, Switzerland, July 5th, 2024 – Gamma Prime is revolutionizing the world of finance with its innovative protocol for tokenizing real yield strategies from top global market makers and funds. This regulatory-compliant L1 protocol introduces new yield primitives with complete composability and interoperability, democratizing access to returns across crypto and real-world assets for individuals and institutions alike. Meet the Founders & Team The Gamma Prime team is comprised of industry experts, Web3 innovators, and hedge fund infrastructure providers. Led by Evan Szu, a seasoned expert in commodity futures and technology startups, the team brings together a wealth of experience from…

Investment Manager Reveals: Russian Navy’s Black Sea Fleet Retreats from Crimea Due to Ukraine Attacks As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you exclusive insights into the shifting dynamics in the Black Sea. The Russian navy’s Black Sea Fleet has been forced to rebase its combat-ready warships from Crimea to other locations due to relentless attacks by Kyiv, Ukraine’s navy chief reveals. In a rare interview, Vice-Admiral Oleksiy Neizhpapa disclosed that Ukrainian missile and naval drone strikes have crippled the Sevastopol base, Russia’s main naval hub in the region. This strategic setback has…

Title: Shell Faces $2 Billion Impairment Amid Strategic Shifts in Biofuel and Refining Operations By Ron Bousso LONDON (Multibagger) – Shell, a global energy giant, is set to record an impairment charge of up to $2 billion following strategic decisions involving its Singapore refinery and a major biofuel project in Europe. The British energy company recently announced the suspension of construction at its Rotterdam biofuels plant in the Netherlands, citing unfavorable market conditions. This facility was initially projected to have an annual capacity of 820,000 metric tons, with operations set to commence next year. Shell stated that this decision will…

SHANGHAI – In a move to cool down a powerful bond rally, China’s central bank announced that it has hundreds of billions of yuan worth of bonds available for borrowing and selling based on market conditions. This strategy comes at a time when China’s sovereign bonds have been performing strongly, with record low yields attracting savers seeking safe haven investments. The People’s Bank of China (PBOC) plans to borrow medium- and long-term bonds on an open-ended unsecured basis and sell them as needed, as part of agreements with major financial institutions. The recent comments from the central bank clarified its…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Are you ready to dive into the world of arms production and ammunition standardization with NATO’s groundbreaking defense industrial pledge? At the upcoming Washington summit, NATO will be issuing its first-ever defense industrial pledge, urging countries to ramp up arms production and enhance the standardization of ammunition for improved battlefield interoperability. Why is this important? Well, recent events, such as Russia’s invasion of Ukraine, have highlighted the shortcomings in NATO’s ammunition standardization. While small arms ammunition follows NATO standards, artillery shells lack the same level of consistency. This…

Bitcoin Price Plunges to Four-Month Low Amid Mt Gox Distribution Fears Bitcoin price took a sharp nosedive to hit a four-month low on Friday, with concerns about an impending distribution by defunct crypto exchange Mt Gox adding to the selling pressure on the token. German police were also seen transferring about $75 million of confiscated crypto from a piracy website to exchanges, fueling speculation of a mass sell-off. The world’s most popular cryptocurrency slid 8.5% in the last 24 hours to $54,092.3, marking its weakest level since March. Over the past week, Bitcoin has also dropped more than 11%. The…

China’s Energy Storage Boom: A Golden Opportunity for Investors By the World’s Best Investment Manager and Financial Market Journalist, Colleen Howe Introduction: Witness the rise of China’s energy storage sector with the unveiling of a groundbreaking 795 MW plant in Shandong province. This mega facility, capable of powering 150,000 households for a day, marks a significant milestone in China’s push towards renewable energy. Investment Opportunities: As China pours billions into grid-connected batteries, investors are taking notice. With a 364% surge in investment last year, the country now boasts the world’s largest storage fleet at 35.3 GW. The government’s ambitious target…

"Australia’s Grosvenor Mine Shutdown: What Investors Need to Know About the Extended Pay Deal Amidst Ongoing Fire Crisis" Breaking News for Investors: Australia’s Mining Sector Faces Disruption with Grosvenor Mine Shutdown, but Pay Deal Offers Temporary Relief (Multibagger) – In a critical development for stakeholders in Australia’s mining sector, the Mining and Energy Union has successfully negotiated an extension of pay with Anglo American (JO:) for workers affected by the shutdown of the Grosvenor mine. This agreement extends compensation until the end of August, following the mine’s closure due to an underground fire earlier this week. "We are pleased to…

By Amanda Cooper London (Multibagger) – The pound held firm on Friday after Keir Starmer’s centre-left Labour Party was expected to win a huge majority in the UK general election, affording investors some much-needed certainty after years of market volatility under the Conservatives. As of 0430 GMT on Friday, many results were still to be announced from Thursday’s vote, but Labour had won more than 326 of the 650 seats in parliament, with an exit poll suggesting it would capture about 410, and Conservative Prime Minister Rishi Sunak had conceded defeat. Sterling firmed slightly after the release of the exit…

Breaking News: Labour Party Surges to Victory in UK Election, Keir Starmer Vows Change as Next Prime Minister By Andrew MacAskill, Elizabeth Piper and Alistair Smout In a historic win, Keir Starmer’s Labour Party has secured a comprehensive victory in the UK parliamentary election, ending 14 years of Conservative rule. The centre-left Labour is set to win a massive majority in parliament, with Rishi Sunak’s Conservatives facing their worst performance in history. Starmer declared, "Change begins now," promising to end chaos and start the mission of national renewal. Despite facing daunting challenges like high taxes, falling living standards, and strained…